horizontal agreement

Definition of "horizontal agreement"
  1. An arrangement between businesses operating at the same stage of production or supply chain
How to use "horizontal agreement" in a sentence
  1. To avoid competition, the companies entered into a horizontal agreement to fix prices.
  2. The retail stores are under investigation for a suspected horizontal agreement to control the market.
  3. The authorities are cracking down on the horizontal agreement that has affected the pricing of consumer goods.

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